@Nicole Seaman @David Harper CFA FRM
I was trying the question above and i was correct in finding the first answer by the formula:
d(0.5) = 0.9850, d(1.0) = 0.9720
$99.98=d(0.5)*$101.50, so that d(0.5) = 99.98/101.50 = 0.9850
but while finding the second term i.e. d(1); I cannot understand why...
@David Harper CFA FRM @Nicole Seaman ;
In the study notes, term (a) has been calculated. I am not getting what is it. Please explain what is it and how is it calculated.
@Nicole Seaman , the updated exam syllabus has been published. Please share your views if the syllabus has got harder and what changes should we see now.
I am unable to follow the given answer(highlighted in yellow). Its page 52 of John Hull, Financial market and products. Please breakdown the formula so I can understand what values or parameters have been considered. I am new to this exam.
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